RNS Number : 6644S
Iomart Group PLC
07 November 2023

7 November 2023

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 6 November 2023, the Remuneration Committee granted options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Lucy Dimes (CEO) under the rules of the Company's Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 (the "Plan").

The options granted under the Plan have an exercise price of 1p each, will not vest earlier than three years from the date of grant.

The performance conditions for Lucy Dimes are based on certain performance obligations having been met during the period up until 31 March 2026.

The following table sets out the interest of Lucy Dimes in options over the Ordinary shares:

Name of Director

Number of options granted on 20 April 2023 over Ordinary Shares pursuant to the Plan

Total number of options over Ordinary Shares

Percentage of issued share capital under option

Lucy Dimes

612,583

612,583

0.55%

iomart Group plc

Tel: 0141 931 6400

Lucy Dimes, Chief Executive Officer

Scott Cunningham, Chief Financial Officer


Investec Bank Plc (Nominated Adviser and Broker)

Tel: 020 7597 4000

Patrick Robb, Virginia Bull, Nick Prowting


Alma

Tel: 020 3405 0205

Caroline Forde, Hilary Buchanan, Joe Pederzolli





1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Lucy Dimes

2.

Reason for the notification

a.

Position/status

Chief Executive Officer

b.

Initial notification

/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

iomart Group plc

b.

LEI

213800MME6X5NGP7NC68

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the

Financial instrument, type

of instrument

Identification code

Options over ordinary shares of 1p each ("Ordinary Shares")

ISIN: GB0004281639

b.

Nature of the transaction

Grant of options over 612,583 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023

c.

Price(s) and volume(s)

Exercise Price(s)

Volume(s)

1p

612,583

d.

Aggregated information

·Aggregated volume

·Price

n/a single transaction

e.

Date of the transaction

6 November 2023

f.

Place of the transaction

Outside a trading venue

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